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FAQ

Why are NEBL Tokens needed on the Neblio Network?

Large, decentralized networks require robust security protocols and algorithms to ensure that all members of the network are behaving honestly. The Neblio Network does this via a Proof-of-Stake algorithm where users “stake” their tokens to secure the network. To encourage staking and securing the network, the network rewards users for the time spent staking.

When will the Neblio Network launch?

The Neblio Network is live and growing every day! To join the network you can run a node using a Neblio wallet.

How can I get NEBL Tokens?

The only way to get NEBL is to purchase or receive it from an existing Neblio user, or by staking your existing tokens to help secure the Neblio Network and earning the stake reward. Staking is the only way new tokens will ever be created on the Neblio Network.

How do I Stake my Tokens to generate tokens?

Staking is vital to operate and secure the Neblio Network. The network is set to generate new tokens at a rate that is variable depending on the number of tokens currently being staked on the network at any given time. The more tokens you currently have staking, and the longer it has been (up to a limit of 7 days) since the last time those tokens have successfully staked, the greater chance you have of receiving a stake reward. You may get small rewards frequently, or infrequently, depending on your total tokens. For more info, see our detailed blog post on staking.

What cryptocurrency exchanges will support NEBL?

This is up to individual exchanges. The more demand expressed by consumers to exchange NEBL for other cryptocurrencies, the more likely it is that exchanges will support NEBL. Contact your favorite exchange to see if they will support NEBL. You can see a list exchanges that support NEBL here.

When can I use the Neblio Platform for my distributed application?

See our Roadmap. We are working towards meeting or exceeding the deliverables and timeline we have set. In Q1 2018 the first version of our RESTful APIs in multiple languages are scheduled to be released. These APIs can be used to build applications that interact with the Neblio blockchain by storing and accessing transactions and information.